How companies develop into global leaders: Globalization has now invaded the world. Globalization means integrating each of the world's countries into a single unified society, where it is able to found great business opportunities by discovering new markets, new capital investments, new suppliers, and of course new customers. A company can be part of the globalization process, if as a business it is able to sell its products and services to the new open market. These companies face two major difficulties: - The complexity to operate at the executive level in any country, and the complexity in operating a global organization with different economies and cultures, and understanding these factors. These problems require time, effort, and especially human resources, besides financial resources, to give a company the managerial issues to survive and develop itself in a foreign market.
[...] “Master Mobilizer” Global leaders don't always have all the resources they need to set up and apply their decisions so they have to negotiate to get what they want. For that, they must be able to have influence on the right person to reach their goals. This is possible if they have the ability to adapt to different cultures, environments and understand how to do international business and manage different personal working styles How companies develop global leaders? International HRM “Integrity” Be always honest with the highest level of integrity; being open, genuine and maintaining their positions, values and beliefs is crucial. [...]
[...] In spite of that, for developing a global leader it requires more than the usual training programs for domestic leaders. It requires the determination and deliver of the right combination of experiences to make them think globally, appreciate new cultural environments and diversity, build relationships and partnerships, or how to integrate people with the organization. These kind of competences will allow leader to carry on with the challenges of globalization and the own company's global expansion. According to the Global Leadership Survey by the Society for Human Resources made in 2002, the development of global leaders is composed of: • 57% external leadership training programs provided by universities, executive education, or professional organizations • 51% internal leadership training programs • 48% temporary “stretch” assignments to develop new skills & competencies • 47% international assignments to offer diverse experiences 9 How companies develop global leaders? [...]
[...] Global leaders have to know themselves very well in order to know what they have to change to be ready anytime. This flexibility enables them to be efficient at all times. Dutch leaders are said to have this skill which explain why they are often an example for expatriate assignments. “People Black Belt” Black belts represent the best level of mastery in martial arts. Global leaders have to be masters in emotional intelligence. With this skill, global leaders are able to convince, engage, motivate and incite people of any culture with a fitted way. [...]
[...] ) Global leaders Challenges. • Trying to have a fresh perspective when entering into new countries in order not to have too many assumptions and to get ready to start all over again How companies develop global leaders? International HRM 3.2 Citi, New york, United States Citi is a financial service company which employs more than 300,000 employees. This company is present in about 100 countries thanks to a network of more than 5,000 bank branches and consumer finance offices. [...]
[...] Here appear global leaders, who are able to cope with this global culture How companies develop global leaders? International HRM Key Success Factors Global leaders are not simple leaders. /ike regular leaders they have essential knowledge, competencies and experience but their differences remain in their personality factors. According to the The CEO's Guide to Preparing Future Global Leaders (Tessmann-Keys, D. and Wellins, R. 2007), there are 10 factors which differentiate a good global leader from others: “Intellectual Grunt” To be sharp and street smart is fundamental to be a successful global leader. [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
